Institutional Capacity in Sustainable Policy Implementation – Selected Practice from the Serbian Banking Sector
Institutional Capacity in Sustainable Policy Implementation – Selected Practice from the Serbian Banking Sector

Author(s): Slađana Sredojević
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Summary/Abstract: Sustainability as an official paradigm of both the business community and public sector worldwide is embedded in the strategies of institutions. In order to be ready and capable of acting in this manner, to meet the growing and sophisticated needs of clients, and green transformation of economies, i.e. to make a positive impact, the banking sector is being transformed at the same time experiencing significant changes requiring a proper set of skills. In combination with empirical and desk research, a comparative analysis of selected international practices and the banking sector of Serbia has been done. Research has a goal to analyze relevant components of the institutional capacity as the precondition for the successful implementation of ESG and sustainable finance policies. Findings of the research show that banks allocate lending to various sectors with strong green impact and are active in building and strengthening capacities, including reliance on partnerships and collaborations with other partner institutions, such as international financial institutions and national banking associations. Good practice on Guidelines for capacity strengthening in the implementation of sustainability and ESG policies from the local banking market, as a result of partnership in the banking sector, will be disclosed.

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